Question

What amount Rihaan has to pay at the end of 1 years on a sum of Rs. 40,000 at an interest of 16% compounded half yearly

Answer 1

Answer:

P=40,000

R=16%

N=1 year compounded half yearly

A= P(1+R )2n

200

40,000×(1+16)2×1

100

cancel 16 and 100 with 2

then 40,000×(26)2

25

40,000×26×26

25 25

divide 40,000 with 25 you will get 1600

divide 1600 with 25 you will get 64

so 64×26×26=43,264

compound interest =amount-pinciple

=43,264-40,000

=3,264

Answer 2

Answer:

3,264 IS YOUR ANS